Bloomberg South Africa’s biggest financial union is threatening to disrupt the country’s banking industry by leading its 73,000 members on a strike next month, in what would be its largest industrial action in almost a century. The planned two-day walkout will target lenders that have consulted staff over job cuts in recent months and other institutions that employ members of ...

Bloomberg Italy’s state lender Cassa Depositi e Prestiti SpA has given its backing to a 1.5 billion-euro ($1.7 billion) plan to consolidate the country’s construction sector after clearing a last-minute hurdle over the role of Natixis SA. After two board meetings and overnight talks, Italy’s biggest construction company Salini Impregilo SpA and Cassa Depositi have signed an investment deal that ...

Bloomberg The Bank of England (BOE) for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank, which regulates the UK financial services industry, included three scenarios related to climate change in a broader stress test ...